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450 7th Avenue

1440 Foods Expands Office With 14,050-Square-Foot Lease At 450 7th Avenue Manhattan
LEASEDOffice

1440 Foods Expands Office With 14,050-Square-Foot Lease At 450 7th Avenue Manhattan

450 7th Avenue

Building Size

14,050 SF

Asset Type

Office

Closing

Nov 5, 2025

AI

The property asset involved in the transaction is an office space located at 450 7th Avenue, Manhattan. The asset spans 14,050 square feet and is situated on the 10th floor. The agreement is a six-year lease between the landlord and tenant, marking an expansion for the tenant in the Midtown Manhattan area.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 450 7th Avenue
  • Market: Manhattan
  • Landlord: Edward Hart - Kaufman Organization
  • Tenant: 1440 Foods
  • Landlord's Representative: Sam Stein - Kaufman Organization
  • Tenant's Representatives: Scott Brown & Dylan Weisman - Newmark

This transaction involves key individuals and firms, including Edward Hart representing the landlord, Kaufman Organization, while Scott Brown and Dylan Weisman, from Newmark, represent the tenant, 1440 Foods. The deal illustrates the growing office presence of 1440 Foods as it secures a larger footprint in the locale.

Players

Scott Brown

Newmark

Broker

10 deals

Broker
Newmark
NewmarkBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93